As Warren Buffett Prepares to Step Down as CEO of Berkshire Hathaway, His Parting Message to Investors Couldn't Be Any More Clear

• Warren Buffett has led Berkshire Hathaway for six decades.

• Berkshire's portfolio enactment was constricted during the 3rd quarter.

• It holds a grounds level of currency arsenic Buffett prepares to measurement down arsenic CEO.

• 10 stocks we similar amended than Berkshire Hathaway ›

Back successful May, Warren Buffett sent shockwaves astir the concern satellite aft announcing helium was stepping down arsenic CEO of his concern conglomerate, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).

Ever since this determination became nationalist knowledge, investors person watched Berkshire's moves with an other level of vigilance. As 2026 approaches and longtime Buffett sidekick Greg Abel prepares to instrumentality the reins astatine Berkshire, I can't assistance but announcement immoderate patterns successful the firm's caller portfolio management.

Let's instrumentality a look astatine Berkshire's caller moves to amended recognize Buffett's parting connection arsenic this section of his concern vocation comes to a close.

According to Berkshire's latest 13F filing, Buffett's largest acquisition past 4th to his existing portfolio allocations was a involvement successful the casualty security broker Chubb. During the 3rd quarter, Berkshire scooped up 4.3 cardinal shares of Chubb banal -- expanding its involvement by 16%.

In summation to insurance, Buffett besides doubled down connected the American user done purchases of Domino's Pizza and Sirius XM. Lastly, immoderate of the smaller moves Berkshire made included further purchases of shares successful Lamar Advertising and the homebuilding institution Lennar.

Perhaps the biggest determination Berkshire made during Q3 was its determination to initiate a presumption successful Alphabet -- acquiring 17.8 cardinal shares that are presently valued astatine $4.3 billion.

Given the details above, it mightiness look similar Berkshire was connected a buying spree past quarter. However, Buffett's different moves beryllium that rather the other is taking signifier implicit astatine Berkshire.

The concern steadfast has continued to trim vulnerability to halfway positions crossed Apple and Bank of America. Meanwhile, Berkshire wholly sold retired of Citigroup and T-Mobile US earlier this year.

Against this backdrop, Berkshire's equilibrium expanse reported a grounds $381.7 cardinal successful currency and short-term investments astatine the extremity of the 3rd quarter. Of note, the short-term investments comprise purchases of U.S. Treasury Bills.

As the graph supra illustrates, Berkshire has been stockpiling currency for the past mates of years, suggesting that buying enactment astatine the steadfast has been rather limited.